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When the data disagrees with your mental model, consider re-evaluating your mental model.

The amount a client pays per hour for labor != the takehome pay of the person whose time you're ostensibly being charged for.

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*Thanks for the link. So my last plumbing job should have been $10!!! (Not 290$!!).

That's not how labor-intensive businesses work. Again, The amount a client pays per hour for labor != the takehome pay of the person whose time you're ostensibly being charged for.

Revenue is not profit, and "price per hour for labor" != "hourly rate I pay my laborers". This is even true in owner-operator businesses. Furthermore, in bursty markets, "annual income amortized over career" != "my hourly rate multiplied by 40-60 multiplied by the number of weeks I want to work".

The numbers from my links are INCOME, not "what the business charged the client".

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